If you’re ready to sell your house, you may want to sell it quickly. Whether you’re moving for a new job that begins soon or have a pending offer on a new property, it’s critical to generate interest in your home, particularly if you need to close fast. The more prospective buyers you can bring in, the higher your prospects of selling quickly and for a decent price. Consider here a property rescue.
Whatever your motivation for selling, here are 5 tips for selling a property fast, even in a weak market.
- It should be priced to sell
Pricing your property competitively is one of the most effective strategies to sell it quickly. If you overprice anything, you will turn off prospective buyers as well as possible bids. Furthermore, if potential buyers ask you to lower your price, the negotiating process may take longer.
- Repair and clean
Repair any small damage, such as holes in the walls, broken door knobs, cracked tiles, or ripped or worn carpets. Allow for this since many purchasers want to move in without making any alterations.
Fresh paint and updated trim can boost appeal without taking much time or money, and PVC brackets and corbels can help improve exterior details in a clean and polished way. Small upgrades like these help buyers notice care and upkeep the moment they arrive.
Everything should be cleaned until it shines. Remove limescale, clean and restore tile grout, wax hardwood floors, remove odors, and put up new towels. This will make the location more inviting and help people to picture themselves living there.
Clean up the garden by cutting back shrubs, cleaning the patio and furniture of lichen and grime, and cutting the grass. While this will not add much value to your property, it will make it more likely to sell, as buyers will see themselves using the garden.
- Turn it on
Increase the amount of light in your house. After location, the one thing that every buyer mentions in a property is adequate lighting. Remove the curtains, clean the windows, replace the lampshades, raise the wattage of your light bulbs, and trim the plants outside to let more sunlight in. You can also enhance the overall appeal by adding outdoor landscape lighting, which brightens walkways and highlights key features around your yard. Make your home as bright and happy as possible; this will increase its value.
To determine a reasonable price, your real estate agent (or realtor) will do research on similar houses (called “comps”) in your region. If you need to sell your property quickly, try pricing it somewhat cheaper to generate interest (and maybe even spark a bidding war). If you haven’t received any bids by a specific deadline, your agent may drop your asking price even more.
It’s also a good idea to consider the pricing points that buyers in your region are looking for. If you market your property for $302,000, for example, you would lose out on any possible buyers seeking for properties under $300,000. If asking for an additional $2,000 means fewer purchasers would view the house, it’s probably not worth it.
Because $299,000 has a distinct psychological impact on buyers than $300,000, just-below pricing is a common pricing tactic. This pricing method is used in supermarkets and online shopping.
- Hide the critters
You may assume that a cute puppy would win over prospective purchasers, but you’d be incorrect. Not everyone loves dogs or cats. Buyers do not want to enter your house and see a dish of dog food, smell the kitten litter box, or have tufts of pet hair clinging to their clothing. It gives buyers the impression that your home is dirty. Send the pets to a pet motel for the day if you’re having an open house.
- Increase kerb appeal
Kerb appeal makes a lasting first impression; most buyers make their decision within the first few minutes of arriving at a house.
Our YouGov study of over 2,000 UK people found that well-maintained windows and a roof that seemed in excellent condition were the most important elements for kerb appeal. A well-kept front lawn, paths and fences, and a freshly painted facade were all essential. See how much it would cost to make some minor changes to the outside of your house, such as investing in a battery leaf blower to keep your lawn looking pristine, to improve its curb appeal and value.
People must be able to imagine what the property would look like if they lived there. People often struggle with this, so make it simple for them to see all of the wonderful living space you have to offer. However, don’t make it appear like a generic motel; retain some character. Apart from that, it provides unimaginative purchasers with ideas for what they might do.
